UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On June 13, 2023, Consilium Acquisition Corp. I Ltd. (the “Company”) received a notification from The Nasdaq Stock Market (“Nasdaq”) that it was not in compliance with Nasdaq Listing Rule 5452(b)(C) with respect to its Warrants which failed to maintain a minimum of $1,000,000 in aggregate market value of its outstanding warrants which is required by the Nasdaq Global Market.
Under the Nasdaq Listing Rules, the Company has 45 calendar days from June 13, 2023 to submit a plan to regain compliance and if the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of the letter, or until December 10, 2023, to regain compliance.
The Company had previously applied to transfer to the Nasdaq Capital Market and anticipates that its Class A Common Stock, Warrants and Rights will be transferred to the Nasdaq Capital Market on June 23, 2023. The Company believes that it will meet all continued listing requirements of the Nasdaq Capital Market upon such transfer.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 20, 2023
| Consilium Acquisition Corp I, Ltd. | ||
| By: | /s/ Charles Cassel | |
| Name: | Charles Cassel | |
| Title: | Chief Executive Officer | |